HomeMy WebLinkAbout2004 06 14 Consent 200
COMMISSION AGENDA
ITEM 200
CONSENT XX
INFORMATIONAL
PUBLIC HEARING
REGULAR
June 14. 2004
Meeting
MGR ~ /DEPT @
Authorization
REQUEST:
The Finance Department is requesting the Commission approve Resolution 2004-18, which
designates the City Manager and the Finance Director as authorized representatives to execute
documentation required by Bank of America on behalf of the City of Winter Springs. In
addition, it is requested that the Public W orkslUtility Director also be an authorized
representative only in the event of an emergency whereby either the City Manager or the Finance
Director is unavailable to duly execute said documents.
PURPOSE:
The purpose of this Agenda Item is to approve Resolution 2004-18- a resolution that designates
the City's authorized representatives to execute documentation with Bank of America.
CONSIDERATIONS:
On January 12,2004, Resolution 2004-01 was approved designating the City Manager and the
City Controller as authorized representatives to execute documentation required by Bank of
America on behalf of the City of Winter Springs. This document now needs to remove the City
Controller and to add the Finance Director as an authorized representative from the current
documents. In addition, due to the dual signature requirement, it is recommended that a third
representative, Kipton Lockcuff, Public Works/Utility Director, be added as an authorized
representative only in the event of an emergency whereby either the City Manager or the Finance
Director is unavailable to duly execute needed documents.
FUNDING: N/A
ATTACHMENTS:
Resolution 2004-18
Signature Cards
061404_ COMM_ CONSENT _200_BOA_SIGNA TURE_ CARDS
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RECOMMENDATION: The Finance Department recommends that the Commission approve
Resolution 2004-18 which designates the authorized representatives to execute documentation
with Bank of America.
COMMISSION ACTION:
061404_ COMM _CONSENT _200_ BOA_SIGNATURE_CARDS
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BankofAmerica ~
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Commercial Segment Deposit Account Signature Card:
Multiple Account Supplement
Attachment to Commercial Banking Deposit Signature Card of:
City of Winter Springs
Organization Legal Name
Date: 6/14/2004
Tax 10 #
Master Account #
l BANK USE ONLY:
.,Ba~k Number,' Account Number Account Title Address for Statement
i ,"'; City of Winter Springs 1126 East State Road 434, Winter Springs, FL 32708
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Authorized Signer: Ronald W. McLemore, City Manager
Type or Print Namerritle
Signature
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RESOLUTION NO. 2004-18
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF
WINTER SPRINGS FLORIDA, AMENDING RESOLUTION 2004-01,
MAINTAINING DEPOSIT ACCOUNTS AND SERVICES WITH THE
BANK OF AMERICA; PROVIDING FOR SEVERABILITY, REPEAL
OF PRIOR INCONSISTENT RESOLUTIONS, AND AN EFFECTIVE
DATE.
WHEREAS, the City Commission desires to authorize the City Manager to maintain
accounts with Bank of America and designate the City Manager, Finance Director, and Public
W orks/Utility Director as authorized representatives to execute documentation required by Bank of
America from time to time; and
WHEREAS, the City Commission of the City of Winter Springs deems that this Resolution
is in the best interests of the public health, safety, and welfare of the citizens of Winter Springs.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE
CITY OF WINTER SPRINGS, SEMINOLE COUNTY, FLORIDA, AS FOLLOWS:
Section 1. Incorporation of Recitals. The foregoing recitals are deemed true and correct and
are hereby fully incorporated by this reference.
Section 2. Designation of Authorized Representatives. The City Commission hereby
designates Ronald W. McLemore, City Manager and Michelle L. Greco, Finance Director as the
authorized representatives of the City of Winter Springs, Florida. fu the event of an emergency in
which either the City Manager or Finance Director are not available, Kipton Lockcuff, Public
Works/Utility Director, shall be a duly authorized representative during said emergency and
unavailability. The designated representatives are hereby authorized, on behalf of the City of Winter
Springs and in its name, to execute and to sign, together as dual signatories, any application, deposit
agreement, signature card and any other documentation required by the Bank: of America, to open
said accounts, to withdraw funds from or transmit funds to any account of the Bank: of America, to
establish funds transfer instructions, and to take any other action pursuant to any deposit agreements
approved by the City Manager. All authorization permitted by this Resolution shall require the dual
signature of the City Manager and Finance Director, and in the case of emergency and unavailability
as stated above, the Public W orks/Utility Director.
Section 3. Duration. This resolution shall remain in full force and effect and the authority
herein given to all of said persons shall remain irrevocable as far as the Bank: of America is
concerned until such time as the Bank of America is notified in writing of the revocation of such
authority by the City Commission.
City of Winter Springs
Resolution 2004-18
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Section 4. Certification. The City Clerk is hereby authorized and directed to certify this
Resolution to the Bank of America.
Section 5. Repeal of Prior Inconsistent Resolutions. All prior resolutions or parts of
resolutions in conflict herewith are hereby repealed to the extent of the conflict.
Section 6. Severability. If any section, subsection, sentence, clause, phrase, word, or portion
of this Resolution is for any reason held invalid or unconstitutional by any court of competent
jurisdiction, such portion shall be deemed a separate, distinct and independent provision and such
holding shall not affect the validity of the remaining portion hereto.
Section 7. Effective Date. This Resolution shall become effective immediately uP<illl :a9option
by the City Commission of the City of Winter Springs, Florida. .
RESOLVED by the City Commission of the City of Winter Spring~i.' Florida, in a 'regular
meeting assembled on the 14 tbOOy of JUNE , 20 . 7:',~ ..'
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, RENZO-LUACES, City Clerk
Appro. ed as to legal form and sufficiency for
the City I ter Springs only:
ANTHONY A. GARGANESE, City Attorney
City of Winter Springs
Resolution 2004-18
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